Crypto EMA Breadth (ST) represents the breadth in the "Short Term".
It uses DEMA (Double Exponential Moving Average) instead of EMA to reduce lag.
This indicator returns the percentage of crypto coins that satisfy the following criteria:
Uptrend is defined as: DEMA 10 >DEMA 20 > DEMA 50.
Downtrend is defined as: DEMA 10 < DEMA 20 < DEMA 50.
Range = not uptrend and not downtrend
A time frame for computing market breadth can be specified.
For example, 1 = 1 min, 5 = 5 min, 30 = 30 min, 60 = 1 hr , 240 = 4 hrs , D = 1 day.
Additionally, irregular time frames (e.g. 37 = 37 minutes) can be selected.
TradingView allows for a maximum of 40 names in a single indicator.
The market breadth index is calculated using the top 40 cryptocurrencies (market cap):
btc , eth, bnb,sol, ada, xrp, luna, avax, dot, doge, shib, matic
ltc, algo, near, mana, sand, axs , atom, gala, link, xlm ,
xmr, vet, ftt , hbar, egld , ftm , hnt , eos , lrc , one, enj , zec,
dash, celo, fil, icp , xtz, theta